ASX:NAB

National Australia Bank to Issue $1 Billion Subordinated Notes Due 2037

National Australia Bank (ASX:NAB) said it will issue $1 billion in fixed-reset subordinated notes due June 2037 under its $100 billion global medium-term note program, according to a Thursday Australian bourse filing.The bank said the notes will convert into fully paid ordinary shares if the Australian Prudential Regulation Authority determines conversion is necessary on the grounds that the bank would otherwise become non-viable.The maximum conversion number is 46,572.28 ordinary shares per subordinated note, with a denomination of $250,000, based on an issue-date volume-weighted average price of $26.84, it added.The bank's shares fell almost 2% in recent Thursday trade.

Urbanise.com to Connect Urbanise Strata with National Australia Bank Payment, Banking Infrastructure

Urbanise.com (ASX:UBN) plans to conduct a staged release of upgrades to the Urbanise Strata Management Solution, launch an Urbanise Owners Portal with payments and levies capabilities, as well as a new Urbanise Integration Service connecting Urbanise Strata with National Australia Bank (ASX:NAB) payment and banking infrastructure, according to a Thursday Australian bourse filing.The Urbanise Strata modules now offer the ability to connect levy and supplier payments, automated reconciliations, banking services, and a Body Corporate Manager-branded owner self-service portal within the existing strata management workflow.The Urbanise platform supports integration to a comprehensive range of payment methods, including BPay, Australia Post, PayID, and PayTo, alongside one-off, scheduled, and recurring payment options.

ASX:NABASX:UBN

ASX:ANZASX:BENASX:BOQASX:CBAASX:JDOASX:MQGASX:NABASX:WBCNZE:ANZNZE:WBC

Macquarie Group Continues to Outperform Banking Majors with Superior, Fully Digitized Platform, Jarden Says

Macquarie Group (ASX:MQG) continues to outperform banking majors with a simple and fully digitized platform, according to Jarden in a Thursday note.At this pace, Macquarie may surpass around 10% market share on both sides of the balance sheet in the near term. Commonwealth Bank of Australia's (ASX:CBA) net interest margin edge, free deposits look tenuous with IT and competition from Macquarie, ANZ Group Holdings (ASX:ANZ, NZE: ANZ), National Australia Bank (ASX:NAB), and potentially, stablecoins. Strong volumes are offset by competition.Jarden considered the fiscal year 2026 Australian budget as changing incentives, increasing complexity, and exacerbating the skew to financialization over increasing physical industrial capacity.High valuations reflect market index concentration and disappointment in other sectors, but expose major banks to abrupt and extreme mean reversion if the status quo changes.The investment firm assigned ANZ Group an overweight rating and price target of AU$35.50 per share. It also has sell ratings on Commonwealth Bank, National Australia Bank, and Westpac Banking (ASX:WBC, NZE:WBC) with price targets of AU$90 per share, AU$29 per share, and AU$31 per share, respectively.It also assigned Macquarie a buy rating with a price target of AU$250 per share, Bendigo and Adelaide Bank (ASX:BEN) a neutral rating with a AU$11 per share price target, Bank of Queensland (ASX:BOQ) a sell rating with a price target of AU$5.50 per share, and Judo Capital Holdings (ASX:JDO) a buy rating with a price target of AU$2.50 per share.

ASX:ANZASX:C79ASX:NABNZE:ANZ

Chrysos Secures AU$200 Million Refinancing Deal With Banking Syndicate

Chrysos (ASX:C79) secured a AU$200 million, three-year syndicated refinancing with ANZ Group Holdings (NZE:ANZ, ASX:ANZ), National Australia Bank (ASX:NAB), and Export Finance Australia, replacing its previous asset-based structure with a more flexible corporate-style debt facility, according to a Thursday filing with the Australian bourse.The new package includes term and revolving debt with an accordion feature, improved pricing and covenants, lower commitment fees, and about AU$105 million in additional headroom to refinance existing facilities and support growth, per the filing.The structure is secured across multiple jurisdictions and incorporates standard corporate covenants, including net leverage and interest coverage ratios, the filing said.The company said the refinancing boosts financial flexibility to accelerate PhotonAssay deployment and manufacturing, targeting a return to 18 units per year, backed by a forward order book of 22 units and 27 long-lead components, the filing added.ANZ Group 's Kiwi shares were down nearly 1% in recent Thursday trade.

International62d ago

Australian SMEs in Finance, Property, Business Services Using AI at a Higher Rate Than Manufacturing, Transport, Retail Sectors, NAB Says

Australian small and medium enterprises in digitized industries such as finance, property, and business services are using artificial intelligence at two to three times the rate of manufacturing, transport, and retail sectors, according to a Friday report by National Australia Bank.The bank said about 15% of jobs in Australia are highly or significantly exposed to AI, with early evidence of slower employment growth in more exposed occupations since late 2022, when ChatGPT was introduced."While it is difficult to attribute these changes solely to AI, there are signs that labor market dynamics are starting to shift in areas with higher exposure," NAB Chief Economist Sally Auld said.NAB said 42% of small and medium enterprises are already using AI, and a further 14% are planning to, with two-thirds of businesses in real estate and accounting using AI, while adoption rates in manufacturing, retail, and transport vary between 21% and 35%.Industries such as finance, professional services, and technology are more immediately placed to benefit, given the nature of their work, while others may experience a more gradual transition, the report added.Imports of automated data processing equipment have surged in recent months, and data centers are making a noticeable contribution to growth in business investment, with NAB noting that while some jobs will be lost and new ones created, stronger productivity growth could lift real wages and aggregate demand, it added."Over time, the net impact will depend on how productivity gains flow through to wages, demand, and job creation across the broader economy. What we do know is that historically we've seen technology create more jobs than it displaces in the long run." Auld added.

ASX 200ASX:NAB

Asia63d ago

APRA to Keep Macroprudential Policy Settings for Banks Unchanged

The Australian Prudential Regulation Authority (APRA) is set to keep its macroprudential policy settings steady after a review of domestic and international financial conditions and risks, according to a statement on Thursday.The regulator confirmed that the mortgage serviceability buffer will remain at 3 percentage points and that the countercyclical capital buffer will remain at 1% of risk-weighted assets.It also said that the high debt-to-income lending limits will remain unchanged, allowing banks to lend up to 20% of new owner-occupied and investment loans at debt-to-income ratios greater than or equal to six times.APRA noted that while households remain highly indebted, there are signs of moderation in housing prices and credit growth. Business credit growth remains above its historical average. The pressure on household and business cash flows has increased due to higher inflation and interest rates, but nonperforming loans remain low."The banking system remains well-capitalized and resilient and is well-positioned to absorb shocks should economic conditions deteriorate significantly," the regulator said.The watchdog said that high debt-to-income ratio lending remains well below its limits, citing preliminary March quarter data and concluding that the limits are not restricting overall bank lending.

ASX:ANZASX:CBAASX:NABASX:WBCNZE:ANZNZE:WBC

ASX 200ASX:ABYASX:CHCASX:NAB

Australian Shares Up; Charter Hall Group Raises Fiscal Year 2026 Guidance for Operating Earnings

Australian shares rose on Monday as oil prices fell over hopes of a resolution to the conflict in the Middle East.The S&P/ASX 200 Index rose 0.4%, or 35 points, to close at 8,692.Brent crude oil futures fell under the $100 mark to $97.75 per barrel. US President Donald Trump said he had told his representatives not to rush into any deal with Iran. Earlier, the President said the US and Iran had "largely negotiated" a memorandum of understanding on a deal to reopen the critical Strait of Hormuz.US consumer sentiment fell to a record low in May as higher energy prices intensified cost-of-living concerns.In company news, Charter Hall Group (ASX:CHC) increased its fiscal year 2026 guidance for operating earnings to AU$1.03 per security from AU$1 previously. The new outlook represents a nearly 27% increase on fiscal year 2025 operating earnings per security of AU$0.814.National Australia Bank (ASX:NAB) launched its first community hub in Werribee, Victoria, bringing together specialist banking support, fraud and scam experts, and community services under one roof, alongside The Salvation Army to provide early intervention and practical assistance for people experiencing financial stress.Lastly, Adore Beauty Group (ASX:ABY) said its revenue for the 47 weeks ended May 24 came in at AU$193.4 million, rising 7.4% over the prior corresponding period. The company provided a fiscal year 2027 revenue growth target of at least 10% and underlying earnings before interest, taxes, depreciation, and amortization guidance of AU$9 million to AU$13 million.

Update: Market Chatter: National Australia Bank Plans to Hire Over 1,000 Employees in India, Vietnam

(Updates with comments from National Australia Bank in the last two paragraphs.)National Australia Bank (ASX:NAB) intends to hire over 1,000 additional employees in India and Vietnam following a doubling of its headcount in both countries over the last three years, the Australian Financial Review reported Monday, citing an anonymous source inside the bank.The company has roughly 5,000 staff in India and around 2,000 in Vietnam, representing about 18% of its total workforce, according to the report.The reported overseas hiring plans come amid tensions over Australian banks reducing their domestic headcount."The notion that Australia lacks enough skilled workers, especially in technology and engineering, is laughable, given these are the exact types of jobs being targeted in sweeping job cuts happening across the finance sector as we speak," AFR cited Finance Sector Union national assistant secretary Nicole McPherson as saying.In a statement to, National Australia Bank said its overall workforce in Australia has increased over the last five years, while some of the growth in Asia is due to "insourcing capability that NAB had previously outsourced over a number of years.""Our workforce continues to evolve to ensure we can help customers more consistently at the times they need us, and to help us access great talent in key markets," the bank said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

National Australia Bank Launches Community-Based Banking Model in Victoria

National Australia Bank (ASX:NAB) has launched its first community hub in Werribee, Victoria, bringing together specialist banking support, fraud and scam experts, and community services under one roof, alongside The Salvation Army to provide early intervention and practical assistance for people experiencing financial stress, according to a Monday statement from the bank.The hub is designed to offer accessible in-person support for customers facing complex issues, scams, or business needs, and includes multilingual staff along with space for financial education workshops.The company said that the insights from the trial will inform future hub development, including a second site in Cairns in August and further hubs planned for Nowra and Darwin later this year.

Market Chatter: National Australia Bank Plans to Hire Over 1,000 Employees in India, Vietnam

National Australia Bank (ASX:NAB) intends to hire over 1,000 additional employees in India and Vietnam following a doubling of its headcount in both countries over the last three years, the Australian Financial Review reported Monday, citing an anonymous source inside the bank.The company has roughly 5,000 staff in India and around 2,000 in Vietnam, representing about 18% of its total workforce, according to the report.The reported overseas hiring plans come amid tensions over Australian banks reducing their domestic headcount."The notion that Australia lacks enough skilled workers, especially in technology and engineering, is laughable, given these are the exact types of jobs being targeted in sweeping job cuts happening across the finance sector as we speak," AFR cited Finance Sector Union national assistant secretary Nicole McPherson as saying.National Australia Bank did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:ANZASX:CBAASX:NABASX:WBCNZE:ANZNZE:WBC

Asia71d ago

Market Chatter: Australian Banks' May Reporting Season 'Underwhelming,' Operating Conditions Shifting Rapidly, Morgan Stanley Says

Australian banks' reporting season in May was "underwhelming" and they faced a rapid and material shift in operating conditions, according to Morgan Stanley analysts Richard Wiles and Sally Hong, the Australian Financial Review reported Wednesday.Morgan Stanley downgraded fiscal 2027 cash earnings-per-share estimates by 4% since March as revenue growth slows, credit demand weakens, and loan losses gradually rise, reversing an upgrade in February.Three hikes in the official cash rate, proposed changes to property-related tax measures in Australia's federal budget, as well as the impact of the global energy shock all contribute to the uncertainty in outlook for banks, per Morgan Stanley.The investment firm preferred ANZ Group Holdings (ASX:ANZ, NZE:ANZ) over Westpac Banking (ASX:WBC, NZE:WBC), National Australia Bank (ASX:NAB), and Commonwealth Bank of Australia (ASX:CBA).(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Wire77d ago

National Australia Bank Acquires Global Payments Platform for Undisclosed Sum

National Australia Bank (ASX:NAB) acquired Banked, a global technology platform that allows customers and merchants to make and receive payments instantly, according to a Thursday statement from the bank.Financial terms were not disclosed.The deal will integrate Banked's checkout and orchestration technology with NAB's banking infrastructure.NAB had been an investor in Banked through NAB Ventures since 2022 and a user of its technology since 2024, the filing added.The bank's shares fell around 2% in recent Thursday trade.

Asia78d ago

National Australia Bank Says State Street Increases Stake

National Australia Bank (ASX:NAB) said State Street and its subsidiaries increased their stake in the company on May 8 to 8.28% or 253.9 million shares from 7.24% or 222.7 million shares, according to a Wednesday Australian bourse filing.The company's shares fell 2% in recent Wednesday trade.

Asia79d ago

National Australia Bank to Issue AU$1 Billion of Subordinated Notes

National Australia Bank (ASX:NAB) is set to issue AU$1 billion of subordinated, fixed-to-floating rate notes due 2041 on Tuesday, according to a same-day filing with the Australian bourse.The callable notes can convert into ordinary shares of National Australia Bank if the Australian Prudential Regulation Authority deems it necessary on the grounds that the company would otherwise become non-viable, per the filing.The company's shares fell 2% in recent Tuesday trade.

ASX 200ASX:CBAASX:MQGASX:NABASX:WBC

International79d ago

Business Confidence in Australia Rises in April Despite Persistent Weakness, NAB Says

Business confidence in Australia rose 5 points to negative 24 in April, driven by partial recoveries in retail, construction, and recreation and personal services, although trend confidence remained strongly negative across all industries and regions, National Australia Bank (ASX:NAB) said in a Tuesday report.Business conditions fell by 3 points to 3 index points, marking a fourth straight monthly decline and remaining well below the long-run average, while employment declined, profitability remained flat, and trading conditions weakened.The April survey shows that the energy price shock is creating challenges for businesses, with rising cost pressures and a weakening outlook for future demand, said Gareth Spence, NAB head of Australian economics.Conditions declined across most industries, with slight improvements in manufacturing and retail, while by state, they rose by 12 points in Victoria but fell in all other regions.Capacity utilization fell to around 83%, its lowest level since July 2025, but still above its long-run average, while forward orders dropped by 4 points in April and capital expenditures fell by 8 points.Purchase costs rose to 4.5% on a quarterly equivalent basis, while labor costs edged up to 1.7%, product prices increased to 1.8%, and retail prices increased 3.2% to reach a multi-year high.

ASX 200ASX:NAB

Asia83d ago

ASX Midday Sector Update: Financials Stocks Lead Broad Market Declines

All sectors on the Australian Securities Exchange were in the red in midday trading on Friday, with financial stocks falling past 2% to lead decliners, as oil prices climbed after reports of clashes between the US and Iran in and around the Strait of Hormuz.Commonwealth Bank of Australia (ASX:CBA) and Westpac Banking (ASX:WBC) both shed more than 2%, while National Australia Bank (ASX:NAB) was nearly 3% lower. Shares of Macquarie Group (ASX:MQG) were down more than 2% after earlier hitting a record high following its fiscal year 2026 results.

Asia84d ago

National Australia Bank Appoints Group Chief Risk Officer

National Australia Bank (ASX:NAB) appointed Connie Sokaris as group chief risk officer, effective Aug. 3, according to a Thursday Australian bourse filing.Sokaris will succeed Shaun Dooley, who declared in February that he intends to retire from the bank by the end of the year, the filing added.

Research86d ago

Evans & Partners Upgrades National Australia Bank to Neutral from Negative; Price Target is AU$38

National Australia Bank (ASX:NAB) has an average rating of hold and mean price target of AU$38.66, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

Asia86d ago

National Australia Bank's Asset Quality Risks Build, But Demand Remains Solid, Says Jefferies

National Australia Bank (ASX:NAB) is facing rising asset quality risks as it posted a downbeat half-yearly result, Jefferies said Monday in a note, adding that demand remains resilient and costs are being managed.The bank reported a 26% decline in fiscal 2026 first-half cash earnings to AU$2.64 billion, missing Jefferies' estimate by 3%.The investment firm reduced its fiscal 2026 and 2028 EPS estimates by 1%, citing lower earnings from liquid assets and higher impairment charges for potential loan losses, partly offset by stronger profit margins.Jefferies said that investors are concerned about the bank's exposure to small and medium sized businesses (SMEs) in an uncertain macro environment. NAB is also setting aside more provisions for bad loans than its peers, which is impacting its returns by more than 1%.However, the brokerage continues to see an attractive risk-reward on the profile. Despite recent share underperformance, margins are expected to improve in the second half of the year.Jefferies maintained its buy rating on National Australia Bank but cut its price target to AU$46.98 from AU$47.73.